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SPECIFICTION
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Cradle

cradleaccounting.com

From $99/mo Free trial Web
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Spec score 8.1 #7 of 56 in Lease Accounting Software

What it is

Cradle is a web-based system for automating lease accounting and compliance reporting. It supports IFRS 16, ASC 842, GASB 87, GASB 96 and FRS 102, and handles lessee, lessor and sublease accounting. The software calculates present values, accounts for modifications, prepares journal entries and generates required reports. Reports can cover one agreement, a company or a consolidated organization, with balance sheet, income statement, cash flow and disclosure options. Users can enter foreign exchange rates for converting leases into the applicable functional currency. Cradle can mirror a customer's general ledger and cost-center setup so accounting data can be exported into that system. Lease data may be entered manually, uploaded with a bulk template, migrated from Excel or moved through a custom engineering solution. Custom fields can be searched, stratified and exported. The Small Plan costs $99 a month for up to 10 agreements; the Regular Plan costs $199 a month for up to 20 leases. Both plans allow unlimited users and include no training. Cradle offers a 30-day trial and says it provides 24/7 support, guides and videos.

Spec sheet

Support
Cradle says it provides knowledgeable 24/7 customer support along with guides and videos.Read 30 Sep 2026 · cradleaccounting.com
Headquarters
Toronto, Ontario, CanadaRead 28 Sep 2026 · cradleaccounting.com
Automated accounting
Cradle automatically performs present value calculations, modification accounting, journal entries and required financial reporting.Read 30 Sep 2026 · cradleaccounting.com
Company ownership
The site identifies Cradle as a Prophix Company.Read 30 Sep 2026 · cradleaccounting.com
Customization
The lease-management system supports custom fields that can be searched, stratified and exported.Read 30 Sep 2026 · cradleaccounting.com
Data import and migration
Lease data can be entered manually, uploaded through a bulk template, migrated from Excel or migrated through a custom engineering solution.Read 30 Sep 2026 · cradleaccounting.com
Foreign exchange
Users can enter foreign exchange rates and Cradle converts foreign-currency leases to the applicable functional currency.Read 30 Sep 2026 · cradleaccounting.com
General-ledger integration
Cradle can mirror a customer’s general-ledger and cost-center environment so accounting data can be exported into the accounting system.Read 30 Sep 2026 · cradleaccounting.com
Lease roles
Cradle supports both lessee and lessor accounting, including sublease accounting.Read 30 Sep 2026 · cradleaccounting.com
Product purpose
Cradle is a web-based command center that automates lease accounting and compliance reporting.Read 30 Sep 2026 · cradleaccounting.com
Reporting
Reports can be run for individual agreements, companies or consolidated organizations, including balance sheet, income statement, cash flow and disclosure reports.Read 30 Sep 2026 · cradleaccounting.com
Security compliance
Cradle states that it is SOC 2 Type 2 compliant.Read 30 Sep 2026 · cradleaccounting.com
Security controls
Cradle states that data is encrypted in transit and at rest, hosted on Amazon Web Services, backed up daily and protected with periodic third-party penetration testing.Read 30 Sep 2026 · cradleaccounting.com
Standards supported
The product supports IFRS 16, ASC 842, GASB 87, GASB 96 and FRS 102.Read 30 Sep 2026 · cradleaccounting.com
Target customers
Cradle says it can serve organizations with one lease through multinationals managing hundreds of leases across subsidiaries and currencies.Read 30 Sep 2026 · cradleaccounting.com

Plans and prices

Small Plan $99 a month first day of every period up to 10 agreements · unlimited users · no training · IFRS 16, ASC 842 and FRS 102 Read 30 Sep 2026 · cradleaccounting.com
Regular Plan $199 a month first day of every period up to 20 leases · unlimited users · no training · IFRS 16, ASC 842 and FRS 102 Read 30 Sep 2026 · cradleaccounting.com
Enterprise Priced on request 20 - 10,000+ agreements · training · private servers · choice of geographical server location · custom solutions Read 30 Sep 2026 · cradleaccounting.com

Every Cradle plan and price →

Strong points and limits

Strong points

  • Supports five listed accounting standards
  • Automates journal entries and present-value calculations
  • Provides disclosure and consolidated reporting
  • Allows unlimited users on both listed plans
  • Offers a 30-day trial

Limits

  • No free plan
  • Small Plan is limited to 10 agreements
  • Listed plans include no training
  • Regular Plan costs $199 a month

Who it suits

Cradle can suit organizations with a single lease as well as larger groups managing leases across subsidiaries and currencies. It is relevant to teams that need accounting under one of its supported standards and consolidated reporting.

Verdict

Cradle covers lease accounting and reporting across several standards, including consolidated views and general-ledger export. The Small Plan starts at $99 a month, but its 10-agreement limit and lack of training may matter when choosing a plan.

Where Specifiction places it

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